Aug 22, 2022 - Economy & Business

Amazon eyes its next big health acquisition

Illustration of an empty doctor's outfit with the Amazon smile logo as the face.

Illustration: Aïda Amer/Axios

Amazon is among the reported bidders for Signify Health, a Dallas-based health tech company whose market cap has climbed to nearly $5 billion.

Why it matters: This reflects Amazon's emergence as a major player in health care M&A, having recently bested CVS for One Medical. It also may open a new front for antitrust regulators.

  • Other suitors for Signify include CVS, Option Care Health and United Health.

Cap table: Private equity firm New Mountain Capital holds a 54.7% stake in Signify, whose board is chaired by NMC's Matthew Holt.

What it does, per Bloomberg: "Companies like Signify intend to improve care and reduce spending by treating patients in lower-cost settings and linking providers’ payments to patient outcomes."

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